Not-for-profit Fraud Survey

From PhilanthropyWiki

Title: BDO not-for-profit fraud survey Type: Survey Focus: Fraud in Australian not-for-profits Date: March 2008 (latest) Publisher: BDO Kendalls Download: 2008 Survey 2006 Survey

The BDO Kendalls Not-for-profit Fraud Survey is intended to provide a benchmark for not-for-profit organisations in understanding the risks associated with fraud and how organisations are fighting those risks.

Some key findings of the 2008 survey include:

• Of those organisations that responded, 16% had suffered a fraud in the previous two years.
• The largest number of frauds reported occured in organisations turning over between $1 million and $10 million, in organisations with 51-100 employees, and in organisations with no volunteers.
• Cash theft and kickbacks/bribery were the most common types of fraud perpetrated.
• Organisations believe that the key factors required to reduce the risk of fraud are strong internal contraols (74%) and an ethical organisational culture.

Further links:

• Key findings of the 2008 survey
• Authors and supporters of the 2008 survey
• Bosses lenient about fraud - The Brisbane Courier-Mail, April 3 2008.